Need clarification on an answer I was given.  The problem was to find out the cost of Dividends declared. Revenue $5000 Dividends declared??? $Unkown Expenses $4000 RE 1/1 $8000 RE 12/31 $6000 I was givent this equation on how to solve and find the unknown Dividends declared. DD=RE 1/1+Revenue-Expenses-RE 12/31 DD=$8000+$5000-$4000-$3000 DD=$6000 He or She then added this 1) RE 1/1 balance is $6000 2) RE 12/31 is $9000 3) Dividend Declared $6000 **So how did he get the new amounts for REs?***

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